2019 Phototherapy Equipment Market Research Report by The Insight Partners
MARKET INTRODUCTION
Phototherapy equipment makes use of light at different wavelengths that have proven to be effective in the treatment of medical conditions such as skin diseases as well as neonatal jaundice. The phototherapy involves exposing the skin with multiple wavelengths of light with the help of light emitting diode (LED).
MARKET DYNAMICS
The phototherapy equipment market is expected to grow exponentially in the forecast period owing to the factors such as increasing number of childbirths, rising number of neonatal jaundice and others. However, availability of alternative therapy methods that are equally effective as phototherapy is likely to negatively impact the market growth in the coming years. Furthermore, high potential growth from emerging nations is anticipated to offer significant growth opportunities in the market during the forecast period.
MARKET SCOPE
The "Global Phototherapy Equipment Market Analysis to 2027" is a specialized and in-depth study of the medical device industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the phototherapy equipment market with detailed market segmentation by product, application, end user, and geography. The global phototherapy equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading phototherapy equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global phototherapy equipment market is segmented on the basis of product, application, and end user. Based on product, the market is classified as conventional phototherapy equipment, LED phototherapy equipment, and fiber-optic phototherapy equipment. The conventional phototherapy equipment are further classified into conventional phototherapy equipment with fluorescent lamp, and conventional phototherapy equipment with compact fluorescent lamp. Based on application, the market is classified as skin disease treatment, and neonatal jaundice management. On the basis of end user the phototherapy equipment market is classified as hospitals and clinics, and homecare.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global phototherapy equipment market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The phototherapy equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting phototherapy equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the phototherapy equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the phototherapy equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from phototherapy equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for phototherapy equipment market in the global market. Below mentioned is the list of few companies engaged in the phototherapy equipment market.
The report also includes the profiles of key phototherapy equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Koninklijke Philips N.V.
- General Electric
- Natus Medical, Inc.
- Herbert Waldmann GmbH and Co. KG
- Nice Neotech Medical Systems Pvt. Ltd.
- Phoenix Medical Systems Pvt. Ltd
- National Biological Corp.
- Solarc Systems Inc.
- Drägerwerk AG and Co. KGaA
- Atom Medical Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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